Riverfront Resort with
For Sale
$2,950,000
6841 Brown Bridge Rd, Traverse City, MI 49696
Lodging, dining, camping, recreation, and event facilities operate within a single resort property.
Property Size10,404 SF
Lot Size40.00 Acres
Price / SF$283.54
Days on Market18
Property Features for 6841 Brown Bridge Rd
General Information
Standard status
Active
Size
10,404 SF
Lot size
40.00 Acres
Property subtype
Commercial
Restaurant
Seating Capacity
147
Liquor License
Yes
Additional Details
Business Included
Yes
Amenities
underground heated swimming pool
stocked trout ponds
river frontage
meeting room
pavilion/game room
campsites
canoe/kayak/inner tube livery
Building Details
Year Built
1965
Listing Agency:
REMAX Bayshore - Union St TC
Listed By:
Christina Ingersoll · License #6501279134
(231) 883-4921
Source:
Vmrealestatemichigan
Added: Sep 18
Changed: Oct 1
Last Checked: Oct 5 at 7:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX Bayshore - Union St TC
Investment Insights
Based on property information with market context.
Ranch Rudolf is a 40-acre resort with 15 motel units and a private house, alongside a restaurant licensed for alcohol service with seating for 147. Event facilities include a 55-person meeting room and a pavilion/game room with capacity for 113. The property also has 25 campsites, restroom and shower buildings, a heated indoor swimming pool, two stocked trout ponds, laundry facilities, a garage, and linen storage. Canoe, kayak, and inner-tube rentals are part of the on-site operation. The resort was built in 1965.
The property includes 1,300 feet of frontage on the Boardman River and is 16 miles from downtown Traverse City. Direct access connects to 100 miles of groomed snowmobile trails in Grand Traverse County, which link with additional groomed trail systems. Cross-country skiing is available nearby at Muncie Lake Pathways, the VASA Trail, North Country Trail, and Sand Lakes Quiet Area.
The property includes 1,300 feet of frontage on the Boardman River and is 16 miles from downtown Traverse City. Direct access connects to 100 miles of groomed snowmobile trails in Grand Traverse County, which link with additional groomed trail systems. Cross-country skiing is available nearby at Muncie Lake Pathways, the VASA Trail, North Country Trail, and Sand Lakes Quiet Area.
Key Highlights
- 40‑acre resort with 15 motel units, a private house, and 25 campsites
- Restaurant seats 147 and holds a liquor license
- Meeting room accommodates 55; pavilion/game room holds 113
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,068
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,360
$2.8M
Cap Rate 7%
$1,986,686
$2.0M
Cap Rate 9%
$1,545,200
$1.5M
Market Conditions
NOI Build-Up for 10,404 SF
Gross rent
$197.3K $18.96/SF
− Vacancy
−$11.8K −$1.14/SF
EGI
$185.4K $17.82/SF
− OpEx
−$46.4K −$4.46/SF
NOI
$139.1K $13.37/SF
Area
Grand Traverse County, MI
Vacancy
6.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,781,360
Cap Rate 7%
$1,986,686
Cap Rate 9%
$1,545,200
Alternative Uses
Best Use
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,068 @ 7.0% cap · market cap 4.71%
Second Best
Hotel Hospitality
$1.12M
$978.5K – $1.30M
NOI $78,280 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.26M
$1.98M – $2.64M
NOI $158,207 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
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Business Placement
Demographics for 49696, MI
9,528
Population
5,005
Households
1.9
Avg Household Size
43
Median Age
41%
College-Educated
96%
High-School Grad
68.7 sq mi
ZIP Area
139
Density / Sq Mi
$96,138
Median Household Income
$46,893
Median Earnings
$1,309
Median Rent
$289,300
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Resort - Lodging, dining, camping, recreation, and event facilities operate within a single resort property.
Where is this resort located?
The property is located at 6841 Brown Bridge Rd Traverse City, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 40‑acre resort with 15 motel units, a private house, and 25 campsites; Restaurant seats 147 and holds a liquor license; Meeting room accommodates 55; pavilion/game room holds 113
